Media stories about ConocoPhillips (NYSE:COP) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. ConocoPhillips earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned media stories about the energy producer an impact score of 45.8732048235764 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern Sentiment’s analysis:
- ConocoPhillips CEO Says Trade War Would Raise Costs for Industry (bloomberg.com)
- ConocoPhillips: Cash Is King (seekingalpha.com)
- Bulls bet on Under Armour ahead of earnings (finance.yahoo.com)
- Taking a Fresh Look at-: CVS Health Corporation, NYSE: CVS), ConocoPhillips, (NYSE: COP) (dailynysenews.com)
- Why these Stocks Could Be Off to the Races? ConocoPhillips (COP) and Caterpillar Inc. (CAT) (nmsunews.com)
Shares of ConocoPhillips opened at $68.74 on Thursday, MarketBeat reports. The firm has a market capitalization of $77.39 billion, a price-to-earnings ratio of 114.57, a price-to-earnings-growth ratio of 1.79 and a beta of 1.22. The company has a quick ratio of 1.71, a current ratio of 1.86 and a debt-to-equity ratio of 0.54. ConocoPhillips has a 1 year low of $42.26 and a 1 year high of $71.71.
ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, April 26th. The energy producer reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.22. The firm had revenue of $8.96 billion during the quarter, compared to the consensus estimate of $8.68 billion. ConocoPhillips had a positive return on equity of 6.69% and a negative net margin of 1.64%. During the same quarter in the prior year, the company earned ($0.02) EPS. equities analysts forecast that ConocoPhillips will post 4.11 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 1st. Stockholders of record on Monday, May 14th were paid a dividend of $0.285 per share. The ex-dividend date was Friday, May 11th. This represents a $1.14 annualized dividend and a dividend yield of 1.66%. ConocoPhillips’s payout ratio is 190.00%.
A number of equities research analysts recently commented on COP shares. JPMorgan Chase & Co. increased their price target on ConocoPhillips from $62.00 to $64.00 and gave the company an “overweight” rating in a research report on Monday, April 9th. Edward Jones lowered ConocoPhillips from a “buy” rating to a “hold” rating in a research report on Wednesday, April 18th. Royal Bank of Canada set a $70.00 price target on ConocoPhillips and gave the company a “buy” rating in a research report on Friday, April 13th. Barclays set a $71.00 price target on ConocoPhillips and gave the company a “buy” rating in a research report on Sunday, March 4th. Finally, TheStreet raised ConocoPhillips from a “c+” rating to a “b-” rating in a research report on Wednesday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. ConocoPhillips currently has a consensus rating of “Buy” and a consensus target price of $66.90.
In other news, VP Glenda Mae Schwarz sold 6,763 shares of the stock in a transaction on Friday, May 25th. The stock was sold at an average price of $65.04, for a total transaction of $439,865.52. Following the completion of the transaction, the vice president now owns 10,182 shares in the company, valued at approximately $662,237.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Janet Langford Kelly sold 504 shares of the stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $71.00, for a total value of $35,784.00. Following the transaction, the senior vice president now owns 41,211 shares of the company’s stock, valued at approximately $2,925,981. The disclosure for this sale can be found here. Insiders have sold a total of 284,052 shares of company stock valued at $19,491,534 in the last quarter. 0.88% of the stock is owned by corporate insiders.
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. Its portfolio includes North American tight oil and oil sands assets in Canada; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; and an inventory of conventional and unconventional exploration prospects.
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